How to Grow a Small Account Day Trading? Penny Stocks NOT the only way for Beginner Traders!

Share it with your friends Like

Thanks! Share it with your friends!

Close

Are you trying to grow a small trading account? Buying penny stocks is NOT the only way for day trading beginners with a small account.
🔽Time stamps:
1:50 Large cap trading VS Penny stock trading
3:33 Small account trading breakdown on $XNET $PINS
5:19 Benefits of trading large cap stocks $PINS $GRUB $BYND $ROKU
8:46 How to adapt your trading strategies in various market cycles
10:48 Trading large cap stocks with small account

📝Get a FREE stock on Webull, $0 commission trading app
▶︎ http://bit.ly/2Lhtd9X

Sign up for my FREE weekly watchlist
▶︎ https://forms.aweber.com/form/72/1017244872.htm

💸Interested in my private Day Trading room? Join the wait-list here
▶︎ https://forms.aweber.com/form/12/122701512.htm

While most day trading marketing gurus out there tell all the beginner traders to buy penny stocks and follow their alerts… trading small caps not the ONLY way. And definitely not one to rely on throughout the whole year.

How I grew my small account day trading years ago, was by buying penny stocks in hot cycles, such as the shippers, blockchain, weapon bubble. And focus on trading large cap stock earnings and news in the seasons where penny stocks are dead with no volume.

Trading Large caps vs Small cap penny stocks:
1. Large caps tend to trend for an extended amount of time.
2. Large caps are less volatile and allow day trading beginners to practice patience and trading emotions
3. Large cap short borrows are much more accessible than small cap penny stocks
4. There’s almost always fresh news such as Chinese Tariffs, FDA approvals, earnings guidance out daily for the large cap stocks.
5. Penny stock trading volume tend to die out in the summer, while large cap movers have volume almost daily.
6. Penny stock patterns and indicators are not reliable. You should focus on trading psychology. But Large cap stocks follow technical set ups and patterns pretty well.

The key is, if you are trading penny stocks with a small account, focus on capital preservation and only buy penny stock momentum in the market cycles that favor your long set ups. Do not force trades and chase every break out and expect the same trading set up and trading strategy to always work out.

Trading Psychology for Penny Stocks (The Untold Secret)
▶︎https://youtu.be/D8KUCrRmfzI
Penny stock market Cycle Psychology
▶︎ https://youtu.be/b3qGKhHMCIM
Intro to Penny Stock trading psychology
▶︎ https://youtu.be/heETqGrDRuQ
Must read books on Trading Psychology & discipline
▶︎ https://youtu.be/3gDzKWhBkss

🖥️Recommended Trading Tools:
Try Benzinga Pro FREE for 14 days (use code “HUMBLEDTRADER” to get 25% Off )
▶︎ http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code “HUMBLED15” to get 15% Off)
▶︎ http://bit.ly/2mYKie2

Get My Trading Station Set Up & Favorite Trading Books
▶︎https://www.amazon.com/shop/humbledtrader

🇨🇦Questrade Canada (get $50 FREE commission trades)
▶︎ http://bit.ly/2GoeUMY

For business inquiries only, you can reach me at HumbledTraderBusiness(at)gmail.com

📊Follow me on social for more updates:
▶︎IG @HumbledTrader
▶︎Twitter @HumbledTrader18
#daytrading #pennystocks #stocks
___
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.

Humbled Trader FAM count: 19,180

Comments

Humbled Trader says:

What kind of stocks do you guys like to trade? Low floats or large caps?

Hussein G says:

soo when are you gonna let me be apart of your team 😎

Ashley B. Smith says:

What amount do you suggest to have at minimum your account to start day trading?

Temp Email says:

I like trading on the toilet, low float. 😂

lance pheng says:

U can also trade the new micro futures to grow your small account. If you want to trade futures like wild penny stocks and u are a very skilled trader you can trade /NQ. That is the nasdaq mini futures. But u need an account to handle $100-150 stop loss. 1 tick of a nasdaq movement which is .25 c is $5 gain. 1 poin=4 quarters = 20$ of movement. Full ATR on the chart is 5 points of movement. Now on the micro lots is is 1/10th of the size . Symbol is MNQ

Thomas Lee says:

Could you do a video on scale trading into and out of a position?

This could be a good strategy now that there no commissions.

The Trader's Channel says:

Hey, I've been watching and commenting for a while. I'd appreciate if you follow back. Love your content.

Efrem Unfasung says:

Amazing videos! You are great! I was wondering if opening a margin account with Questtrade. What type of leverage do you get. Like if I put in 15k what can i get and is it easy to get that going? Thank you!!

Ag Hazl says:

You need to assist me with a few profitable trades so I can purchase a new keyboard and mouse. Stupid like button.

Tammy Silbaugh says:

You should be on comedy central!! 😂🤣

Jerry Schrader says:

Dear Humbled Trader, I like your videos, they are very entertaining, just stumbled over them by accident. I'm not a day trader, but I suggest you learn how to day trade options. Especially SPX options. At the Money SPX options are very liquid, which means it's very easy to get a trade filled.

speakupforjustice says:

Once I got into options, I'm never going back. If you have a small account, I suggest learn options trading strategies

Mr. Shillington says:

Why don't my girl say sweet things like this to me?😍🤩🥰🇯🇲🇯🇲🇯🇲🇯🇲🇯🇲🇯🇲🇯🇲

Martin Dolben says:

Hi, I have been watching your videos, and have started paper trading.  I haven't been able to find the book "Trade the trader, any ideas on how to find one?

Tito Bryzkee says:

Why so cute!!?? 🤗

EL Stocknology says:

Smashed LIKE ! from Malaysia 🙂

Brian Wong says:

Hey, I signed up for your weekly watchlist but never got a confirmation email even though I checked the junk mail. Also hello from Vancouver as well. Gave you a DM on instagram btw 🙂

Theodore Resultan says:

So much good info. I want to smash the awesome button.

Michael Dean says:

I cant not wait until we buy matching Lamborghini's. Until I get a grip on accepting singles vice hoping for a home-run even when a trade is going bad my Lambo will remain on the lot. Thanks for putting together another great video to help me break some bad habits. 😉

Marcus Deringer says:

Are you single

Comments are disabled for this post.